FNY Investment Advisers LLC Makes New $153,000 Investment in Ramaco Resources, Inc. $METCB

FNY Investment Advisers LLC acquired a new position in shares of Ramaco Resources, Inc. (NASDAQ:METCB) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,755 shares of the company’s stock, valued at approximately $153,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Encompass Capital Advisors LLC bought a new position in Ramaco Resources during the first quarter worth about $166,000. American Century Companies Inc. boosted its holdings in Ramaco Resources by 12.6% during the first quarter. American Century Companies Inc. now owns 196,657 shares of the company’s stock worth $1,398,000 after buying an additional 21,956 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Ramaco Resources by 145.3% during the first quarter. Wellington Management Group LLP now owns 36,176 shares of the company’s stock worth $257,000 after buying an additional 21,430 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in Ramaco Resources by 11.0% during the second quarter. Wedge Capital Management L L P NC now owns 177,367 shares of the company’s stock worth $1,451,000 after buying an additional 17,578 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Ramaco Resources during the first quarter worth about $97,000. 9.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Ramaco Resources in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Ramaco Resources has an average rating of “Hold”.

Ramaco Resources Trading Down 7.0%

NASDAQ METCB opened at $15.23 on Thursday. The firm has a market cap of $841.15 million, a P/E ratio of -33.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 0.84. The stock’s 50-day moving average is $16.83 and its 200-day moving average is $11.99. Ramaco Resources, Inc. has a one year low of $6.01 and a one year high of $22.11.

Ramaco Resources (NASDAQ:METCB) last released its quarterly earnings results on Thursday, July 31st. The company reported ($0.29) EPS for the quarter. The business had revenue of $152.96 million for the quarter. Ramaco Resources had a negative return on equity of 5.70% and a negative net margin of 3.17%.

Ramaco Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were given a dividend of $0.1918 per share. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.18. This represents a $0.77 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, September 5th. Ramaco Resources’s payout ratio is -167.39%.

Ramaco Resources Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.